We study the development of bargaining behavior in children age seven through 18, using ultimatum and dictator games. We find that bargaining behavior changes substantially with age and that most of this change appears to ...

We examine rewards and punishments in a simple proposer-responder game. The proposer first makes an offer to split a fixed-sized pie. According to the 2×2 design, the responder is or is not given a costly option of increasing ...

Determining the productivity of individual workers engaged in team production is difficult. Monitoring expenses may be high, or the observable output of the entire team may be some single product. One way to collect ...

This paper describes some simple economic experiments that can be done using children as subjects. We argue that by conducting experiments on children economists can gain insight into the origins of preferences, the ...

We report results from economic experiments that provide a direct test of the hypothesis that
criminal behavior responds rationally to changes in the possible rewards and in the probability
and severity of punishment. ...

Economic experiments have shown that in mixed gender groups women are more reluctant than men
to choose tournaments when given the choice between piece rate and winner-take-all tournament
style compensation. These gender ...

The most distinctive prediction of prospect theory is the fourfold pattern (FFP) of risk attitudes. People are said to be (1) risk-seeking over low-probability gains, (2) risk-averse over low-probability losses, (3) ...

In this paper we examine how risk attitudes change with age. We present participants from age 5 to 64 with choices between simple gambles and the expected value of the gambles. The gambles are over both gains and losses, ...

In this paper we study trust/reciprocity behavior in children ages eight to eighteen using an augmented version of Berg et al.â s (1995) trust game. This study is intended to inspect and reveal when certain aspects of ...

Governments can and do adopt many policies that will improve the health and reduce the mortality risks of children. Given this, estimates of the value of improvements in children’s health and reductions in their mortality ...

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